| The BenefitsLink Newsletter - Retirement Plans Edition |   |
January 11, 2002 - 12,782 subscribers
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Bush Promises a Look at Employee Risks, But Experts Say Solutions Won't Be Easy
Excerpt: "Mr. Iwry warned that measures taken to encourage diversification by employees might discourage companies from making matching contributions. A bill has already been introduced in the House that would limit the portion of a 401(k) plan that may be held in a company's own shares to 10 percent." (New York Times; free registration required)
Bush's Post-Enron Rule Reviews Greeted Cautiously
Excerpt: "Congressional aides said big-business interests represented in the working group could work against government imposition of new disclosure rules or pension plan limits." (Reuters via Yahoo! Finance)
Bush Announcement of Review of Pension Regulations
Excerpt: "And so I've asked the Secretary of Treasury, Secretary of Labor and Secretary of Commerce to convene a working group to analyze pensions, rules and regulations, to look into the effects of the current law on hard-working Americans, and to come up with recommendations how to reform the system to make sure that people are not exposed to losing their life savings as a result of a bankruptcy, for example." (White House)
Opinion: Time to Fix 401(k) Plans
Excerpt: "The music's stopped, the party's over, and now, on its 20th birthday, the 401(k) comes of age -- not as a responsible adult, but as a bleary-eyed slacker." (Mutual-Funds.com)
Milwaukee Pension Office Swamped With Interest in Lump Sum Retirement Option
Excerpt: "So many Milwaukee County employees think that now may be their last chance to cash out enhanced pension and sick leave options that the retirement office had to stop making appointments Thursday and schedule large group presentations ... About 121 people, worried that attractive lump sums might be revoked after public outcry, had sought retirement information as of Thursday." (WTMJ via MSNBC.com)
2002 Benefit Plan Limits Reference Card
One-page PDF document. (Duane Morris LLP)
Pension Administrator Salaries-- Have You Purchased the ASPA Survey? How Did You Like It?
Link to a discussion of pension and benefits administrators' salaries, with a link to an order form for a salary survey prepared by the American Society of Pension Actuaries, available for purchase from ASPA. (BenefitsLink Message Boards)
Opinion: Too Much Employer Stock in Retirement Plans
Excerpt: "As it turns out, the real problem with the modern pension plan lies with management, not employees. Far too many employers aren't letting their employees sufficiently diversify their retirement savings." (Business Week)
Overview with Comments: Retirement Plan Changes in EGTRRA (PDF)
16 pages. (Duane Morris LLP)
Analysis: IRS Issues Notice Concerning Split-Dollar Life Insurance Arrangements
Excerpt: "The Notice included several 'grandfathering' dates, the earliest and most important of which is January 28, 2002. Therefore, if you presently participate in a split-dollar arrangement, are considering entering into such an arrangement, or have been involved in structuring any such arrangement, it is important that you are aware of the following changes made by the Notice." (Duane Morris LLP)
Newly Posted or Renewed Job Openings -
| Plan Document Specialist | for Midwest Pension & Profit Sharing Services in MN |
| Senior Benefits Analyst | for TriNet - Total HR Solutions in CA |
| Document and Compliance Specialist | for Louis Kravitz & Associates, Inc. in CA |
| Manager - Reporting & Disclosure | for AEGON Insurance Group in IA |
| Retirement Plan Specialist | for Dorsey & Whitney, LLP in MN |
| Pharmacy Benefits Analyst | for The Segal Company in NY |
Newly Posted Conferences (Post Yours!)
| 401(k) Fiduciary Issues | in TX on February 5, 2002 presented by ASPA Benefits Council of the Texas Gulf Coast |
| 401(k) Plans | in OR on March 26, 2002 presented by Employee Benefits Institute of America LLC (EBIA) |
| 401(k) Plans | in TX on April 2, 2002 presented by Employee Benefits Institute of America LLC (EBIA) |
| Benefits Management Forum & Expo | in TX on September 29, 2002 presented by Employee Benefit News Magazine |
| Cafeteria Plans | in TX on April 3, 2002 presented by Employee Benefits Institute of America LLC (EBIA) |
| Cafeteria Plans | in WA on March 20, 2002 presented by Employee Benefits Institute of America LLC (EBIA) |
| COBRA Compliance for Group Health Plans | in OR on March 29, 2002 presented by Employee Benefits Institute of America LLC (EBIA) |
| COBRA Compliance for Group Health Plans | in TX on April 5, 2002 presented by Employee Benefits Institute of America LLC (EBIA) |
| ERISA Compliance for Health & Welfare Plans | in OR on March 28, 2002 presented by Employee Benefits Institute of America LLC (EBIA) |
| ERISA Compliance for Health & Welfare Plans | in TX on April 4, 2002 presented by Employee Benefits Institute of America LLC (EBIA) |
| HIPAA & Other Federal Mandates for Group Health Plans | in TX on April 4, 2002 presented by Employee Benefits Institute of America LLC (EBIA) |
| HIPAA & Other Federal Mandates for Group Health Plans | in OR on March 28, 2002 presented by Employee Benefits Institute of America LLC (EBIA) |
| Implementing Pension and Welfare Benefit Changes in 2002 | in MA on January 23, 2002 presented by Massachusetts Metrowest WEB |
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Copyright 2001 BenefitsLink.com, Inc., but you may freely distribute this email newsletter in whole. This newsletter is edited by David Rhett Baker, J.D.
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